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As lockdown restrictions ease and we start to consider travelling again, the future of cross-Channel operator Eurostar remains uncertain.
Eurostar is seeking financial support from the UK Government, citing higher access charges here as a reason.
The French Government has pledged to provide support for the operator, while £200 million has been provided by one of its shareholders, Caisse de Dépôt et Placement du Québec (CDPQ) and Hermes Infrastructure.
Registered in the UK and supporting 3,000 jobs either with the business or in the supply chain, the company is, however, 55% owned by SNCF (French state rail), 40% by CDPQ/Hermes and 5% by SNCB (Belgian state railways).
So: Should the UK Government provide financial assistance to Eurostar?

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"Too early to predict whether the referendum decision will change the longer-term funding of railway enhancements" - Network Rail Chief

Network Rail Chief Executive Mark Carne said it is too early to predict whether the referendum decision will change the longer-term funding of railway enhancements, but said that we can “confidently expect taxpayers to be ever more challenging regarding the way we efficiently spend their money”. He set his staff the challenge of delivering services at lower cost.

In the letter to NR staff, Carne said to “keep focused on our job of providing a safe, reliable and efficient railway for the benefit of the people in this country”. He added that while the decision to leave the EU will create a period of considerable political and economic uncertainty, it is “absolutely imperative that we do not allow these extraordinary events to distract us from the critical job we do for our country”.

  • For more on Brexit, read RAIL 804, published on July 6. 

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  • FrankH - 01/07/2016 00:09

    It's to early because no one knows what or when whatever will happen. Far to much space being taken up with gloom mungers rattling on.

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